Manning & Napier Advisors LLC Has $2.67 Million Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Manning & Napier Advisors LLC decreased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMOFree Report) (TSE:IMO) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,279 shares of the energy company’s stock after selling 1,589 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Imperial Oil were worth $2,666,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of IMO. BNP Paribas Financial Markets acquired a new position in shares of Imperial Oil in the third quarter valued at approximately $28,000. Winch Advisory Services LLC acquired a new position in shares of Imperial Oil in the fourth quarter valued at approximately $26,000. Grove Bank & Trust increased its stake in shares of Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after buying an additional 438 shares during the period. Allworth Financial LP increased its stake in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after buying an additional 234 shares during the period. Finally, Oakworth Capital Inc. acquired a new position in shares of Imperial Oil in the third quarter valued at approximately $101,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Trading Up 1.8 %

Shares of IMO opened at $71.45 on Friday. The stock has a market cap of $36.37 billion, a PE ratio of 10.65 and a beta of 1.45. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 12-month low of $55.82 and a 12-month high of $80.17.

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd were given a $0.4304 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.41%. Imperial Oil’s payout ratio is 25.34%.

Analyst Ratings Changes

A number of research firms have weighed in on IMO. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, Imperial Oil has a consensus rating of “Hold” and a consensus price target of $109.00.

Read Our Latest Analysis on IMO

About Imperial Oil

(Free Report)

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.

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Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

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